![]() ![]() US media reports indicated that a disagreement with Facebook over the privacy of user data may have also been a factor in Koum’s decision to quit his position as a high-ranking executive, and likely leave his seat on the board at the leading online social network.Bringing you closer to the people and things you love. Koum said in a post on his Facebook page that he was taking time off to pursue interests such as collecting air-cooled Porsches, working on cars and playing ultimate Frisbee. WhatsApp co-founder Jan Koum earlier this year left Facebook, which had bought the smartphone messaging service for $19 billion. The Cambridge Analytica public relations disaster in which Facebook admitted that up to 87 million users may have had their data hijacked by the British consultancy came on top of widespread criticism of the social network’s propensity to spread and accentuate large amounts of completely false information.įacebook is facing multiple inquiries from US and British regulators about the Cambridge Analytica user data scandal, and Zuckerberg was grilled by the European Parliament and the US Congress earlier this year. Many see Facebook as having been a top vehicle for spreading false information in recent years, and of being used by nefarious interests intent on swaying elections such as the poll which put President Donald Trump in the White House. The departures come as Facebook grapples with the worst crisis in its history, vilified for not more zealously guarding the information which users share. ![]() The Instagram co-founders have reportedly clashed with Facebook’s leadership over the photo-sharing service’s autonomy within the company, according to The Wall Street Journal citing people close to the matter. Instagram has been a hit with young internet users, an audience that Facebook is keen to keep in its fold. ![]() ![]() It became the fourth Facebook platform to eclipse the billion-user mark, including the namesake social network with more than two billion users, and the messaging applications WhatsApp and Messenger.įacebook acquired Instagram in April 2012 for a combination of cash and stock worth some $1 billion at the time. Instagram in June announced it passed a billion active users, and unveiled a new long-form video feature in a bid to attract “creators” like those on YouTube. “We’re now ready for our next chapter,” the statement continued. “Building new things requires that we step back, understand what inspires us and match that with what the world needs that’s what we plan to do,” the statement said though several US media outlets attributed the split to a disagreement with executives at Facebook. Systrom’s fortune is valued at $1.4 billion by Forbes. “I wish them all the best and I’m looking forward to seeing what they build next,” Zuckerberg said in a statement released by Facebook. Systrom, 34, created the app in 2010 with 32-year-old Krieger, now the outgoing “chief technical officer,” when they were students at Stanford University in the heart of Silicon Valley.įacebook CEO Mark Zuckerberg praised the departing Instagram leaders for “their combined creative talents,” saying “I’ve learned a lot working with them.” fg1fSXlbfj Kurt Wagner September 25, 2018 Here's the full statement from Instagram CEO Kevin Systrom confirming his departure, and suggesting that he and Krieger will build something else. ![]()
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